Dubai -based cryptocurrency exchange bits have been targeted by hackers, described as the largest digital theft in history.
According to the report, reports of billions of dollars theft have once again raised concerns about the security and instability of cryptocurrency.
Dubai’s Virtual Asset Regulatory Authority (Vara) is actively looking into the matter. In a statement to the Khalj Times on Saturday, the Vara Authority said that the hack is still a major problem that will continue to be monitored unless the issues are resolved.
The Virtual Asset Regulatory Authority made it clear that BYBIT has not been given a regulatory license in Dubai.
The world’s second largest crypto exchange is working to meet the strict licensing requirements to obtain a permit to act as a virtual asset service provider (VASP) in Dubai.
The Dubai Headquarters Exchange announced in September last year that it received temporary (non -operational) approval for providing virtual asset exchange services to retail, eligible investors and institutional clients in Dubai. The company called it an “important step” by obtaining full approval to work in the UAE.
According to the Khalj Times, Kamal Ayub, a prominent investor and adviser to the Riyadh Group, and Kamal Ayub, pointed out that the biggest hack in the history of Crypto happened when the hackers accessed the Bible’s “Cold Purse” , Which sent about $ 1.5 billion cryptocurrency. On an unknown address
Ayub said that the disturbing thing about this cybercrime is that hackers targeted the “cold storage” crypto purse. This type of purse is not linked to the Internet to protect it from theft, but it was still hacked.
As a result, the hackers controlled the Bible’s (Ethereum Cryptoconnery) cold purse and moved it to an unknown address, he said.
They fooled people to sign transactions, approve malicious transactions, which could control hackers.
Bait CEO Ben Zhu said that the damage represents about 70 % of the Bible’s Ethereum Holdings. The exchange manages $ 20 billion worth of assets, but the Bible promises to respect all consumer return requests.
On Saturday, Bait announced a Million Million 140 million prize for everyone, which can help solve the Crypto industry’s biggest theft.
